Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy pricesSaudi Aramco reported half-year profits of $56.3 billion, a decline from the previous year attributed to lower crude oil volumes and refini...
06 Aug, 2024, 12.33 PM IST
Welspun Corp associate company signs Rs 3,670 crore contracts with Aramco for steel pipe supplyWelspun Corp Ltd has signed multiple agreements worth SAR 1.65 billion with Saudi Arabian Oil Co. (Aramco) for the supply of steel pipes. T...
03 Jun, 2024, 12.59 PM IST
Oil giant Saudi Aramco reports $31.88B profit in 1st quarterSaudi Arabian Oil Co. (Saudi Aramco) announced a first-quarter profit on Tuesday of $31.88bn, down from $39.47bn for the same quarter last ...
09 May, 2023, 01.49 PM IST
Saudi Arabia gives 4% of Aramco to investment fundThe announcement on the state-run Saudi Press Agency comes as the oil firm is valued at just under $2 trillion and as oil trades above $90 ...
13 Feb, 2022, 11.54 AM IST
In fast-changing Dubai, once-isolated Jebel Ali village to be razed to make way for luxury villasNakheel, the state-owned developer of Dubai's signature palm-shaped islands, unveiled plans to demolish the neighbourhood to make way for a...
09 Nov, 2021, 01.34 PM IST
Saudi Aramco sees third-quarter income rise to USD 30.4 billionSaudi Arabia's majority state-owned oil giant Aramco, formally known as the Saudi Arabian Oil Co., said its net income more than doubled fr...
31 Oct, 2021, 09.34 PM IST
Saudi Aramco splits its gas business amid expansion in chemicalsSaudi Arabia's state-run energy firm is splitting its gas production division in two, as the fuel becomes increasingly important for expand...
11 Sep, 2021, 10.06 PM IST
Reliance Industries gives detailed plan to carve out O2C assetsThe assets will be held by a unit of Reliance, and the ultimate ownership won’t change as a result of the plan, a separate filing disclosed.
07 Sep, 2020, 07.38 AM IST
Saudi Aramco suspends $10 billion China oil refinery ventureSaudi Arabian Oil Co., or Aramco, decided to stop investing in the facility in China’s Northeastern province of Liaoning after negotiations...
21 Aug, 2020, 08.48 PM IST
Saudi Aramco still aims for $15 billion investment in India’s RelianceA deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers. State-owned ...
10 Aug, 2020, 10.00 AM IST
Saudis set to sell 600,000 barrels a day of oil to US in AprilFor May, state-run Saudi Arabian Oil Co. has said it will cut output to 8.5 million barrels a day as part of the OPEC+ agreement
18 Apr, 2020, 12.53 PM IST
Iran to double down on investment in oil's growth engine IndiaSurging oil demand in India is prompting almost all big global players to devise new plans for the country.
02 Jan, 2019, 11.31 AM IST
Singapore Exchange Chief hopes to win world's biggest IPOAt least half a dozen exchanges are vying for a slice of Saudi Arabian Oil Co.'s IPO.
27 Oct, 2017, 03.33 PM IST
Saudi Aramco would run big risks with a Potemkin IPOSelling shares in Aramco is meant to raise billions for a government that could certainly use it.
14 Oct, 2017, 05.23 PM IST
We will close Essar Oil deal in a few weeks: Rosneft executiveEssar Oil has been in advanced talks with to sell 49% stake to Rosneft but the deal has taken more time than inititally envisaged.
07 Dec, 2016, 11.37 AM IST
Saudi Arabia sees its oil reserves lasting another 70 yearsThe nation’s wealth is based mainly on oil, with crude sales accounting for 75 per cent of total export earnings, according to the prospect...
11 Oct, 2016, 04.51 PM IST
Saudi Arabia could raise crude output by more than a million barrels a day: Deputy Crown PrinceHe reiterated that Saudi’s commitment to a production cap would depend on the participation of other nations including Iran.
18 Apr, 2016, 02.00 AM IST